Grail was founded by Illumina, divested in 2015, and has since raised ~$1.9bn of private and is headed for IPO. Grail's backers include Illumina Inc., which currently holds a 14.6% stake, and Johnson & Johnson, which owns a 7.6% interest. The Illumina spinout expects to launch the product, Galleri, as a lab developed test (LDT) in 2021. A deal for the purchase of the cancer-detection startup could be announced as early as this week, according to the report. Illumina (NASDAQ:ILMN) announced on Monday morning that it plans to acquire GRAIL for $8 billion. Gene sequencing company Illumina Inc will pay $7.1 billion in cash and stock to buy cancer test startup Grail Inc, the Wall Street Journal reported on Monday, citing people familiar with the matter. Shares of Illumina Inc. ILMN, +2.21% dropped 5.3% in premarket trading Monday, after the gene sequencing company confirmed a deal to buy Grail Inc. for $8 billion in cash and stock. Illumina is Grail’s largest shareholder with a 14.6 percent stake, according to the filing. Genetic sequencing company Illumina is in talks to buy Grail for a price tag of more than $8 billion, according to a Bloomberg report. Interestingly enough, the move for an IPO comes about four years after Illumina announced it was spinning Grail off into a separate company. The company set a placeholder amount of $100 million for the IPO… In its IPO filing, Grail stated it plans to launch Galleri in 2021 as a laboratory developed test. Grail, founded by gene sequencing company Illumina Inc. in 2016, has raised about $2 billion in funding from investors that include Bezos Expeditions, the venture investment fund of Jeff Bezos. Grail spun out of Illumina in 2015 and has a long-term agreement that requires Grail to give a small percentage of its revenue, whenever it comes, to Illumina. After raising more than $2 billion, GRAIL recently filed papers planning an IPO to raise up to $100 million, but the acquisition guarantees them more immediate capital from a strategic backer. Grail, the $1.9 billion, Jeff Bezos-backed liquid biopsy startup, may not be going public after all. Dive Brief: Illumina has agreed to acquire Grail for $8 billion in a deal that could establish the sequencing giant as a leading player in the liquid biopsy market.. Grail spun out of Illumina in 2016 and, with the launch of its first product looming, filed an IPO earlier this month. The news came less than two weeks after GRAIL filed for an IPO… Grail on Wednesday filed with the U.S. Securities and Exchange Commission to raise up to $100 million in an initial public offering ahead of the anticipated launch of its multi-cancer liquid biopsy screening test for use in asymptomatic individuals. This move precedes the company’s anticipated 2021 launch of a multi-cancer liquid biopsy screening test for use in asymptomatic individuals over the age of 50. Wednesday, an initial public offering registration was filed by Grail, Inc., which says it is close to launching a blood test that could help avert nearly 40% of the most deadly cancers. U.S. based cancer testing company Grail, which was founded in 2016, has filed for an IPO.Amazon CEO Jeff Bezos is among Grail’s investors. The IPO market was eagerly awaiting Grail’s scheduled initial public offering, ... because Illumina still had a 12% stake in Grail. Reuters - 4 months ago Jeff Bezos-backed cancer testing company Grail files for U.S. IPO Grail spun out of Illumina in 2015 and has a long-term agreement that requires Grail to give a small percentage of its revenue, whenever it comes, to Illumina. 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